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AIIB approves first loan to India, for power project

May 5, 2017

BEIJING - The China-led Asian Infrastructure Investment Bank (AIIB) has given a green light to its first loan to India, granting US$160 million to a power project endorsed by New Delhi. The funds will be used to strengthen the power transmission and distribution system in the southeastern state of Andhra Pradesh, which is part of the Indian government’s Power for All program, the AIIB said in a statement.

Shadow banking risks escalating in China, despite improved real economy: Natixis

April 29, 2017

HONG KONG - GDP data confirms that China’s economy is strengthening (6.9% growth year on year), marginally beating market expectations and last quarter’s growth rate (6.8%), says global asset manager Natixis. “Although growth in the tertiary sector retreated (16Q4: 8.3%; 17Q1: 7.7%), the contribution of final consumption to GDP increased again (16: 71%; 17Q1: 77%) in line with very strong consumer confidence (highest level since 2008),” it says.

Thai corporates healthiest, Vietnam sees biggest increase in investment

April 24, 2017

HONG KONG - ASEAN corporate health is sound thanks to low leverage and healthy revenue generation, despite heavy reliance on short-term funding and high interest rates, according to the latest Natixis ASEAN Corporate Monitor, which covers about 1,200 listed non-financial institutions in the region and compares them with a similar universe globally.